Business

Iran’s FM and Parliament Speaker Cancel Meetings with German Vice-Chancellor

After a controversy about comments on Iran by Germany’s vice-chancellor and minister of economy, who is now in Tehran, his planned meeting with Iranian Foreign Minister Mohammad Javad Zarif was cancelled on Tuesday.

Europe Not Sole Option for Trade: Iranian Minister

European economies are not the only option Iran can take up when it comes to trade interaction, Iranian Minister of Economic Affairs and Finance Ali Tayyebnia stressed.

Iran’s oil exports hit pre-sanctions high

Reports say Iran has already been able to increase its oil exports to levels that existed before sanctions were imposed on the country in 2011. 

Iran Says Higher Global Oil Prices Essential

Iranian President Hassan Rouhani says oil producing countries must take decisions to increase the oil price at international markets.

Iran, Germany Sign Deals to Boost Ties

Germany and Iran have signed a range of business deals in what is expected to take economic relations between the two countries to a new level.

IMF Staff Report Substantial Improvement in Iran Economic Conditions

An International Monetary Fund (IMF) staff report says that economic conditions are improving substantially in Iran following the implementation of the Joint Comprehensive Plan of Action (JCPOA).

Germany to Press US to Reduce Iran Sanctions: Economy Minister

German Economy Minister Sigmar Gabriel promised on Monday to remind the United States of its commitment to reduce sanctions against Iran, as he courted business ties during a two-day trip to the Islamic Republic.

Foreigners Queuing Up to Have Trade Ties with Iran: FM

Iranian Foreign Minister Mohammad Javad Zarif highlighted the efforts the Foreign Ministry has made during his term to boost the country’s economy, saying foreigners are now queuing up to have trade ties with Iran.

Iran, Netherlands to Expand Trade Ties According to Roadmap

Iran’s Ambassador to Netherlands Alireza Jahangiri highlighted the importance of bilateral relations between the two countries, saying that Tehran and Amsterdam plan to promote trade ties based on a well-defined roadmap.

Iran’s Saffron Fuelling Growth of German Food Business

While Iran produces about 90 percent of the world's saffron, small German companies are growing by importing Iran’s saffron and exporting it as luxury goods to Persian Gulf littoral states.

Iran Eyes Cooperation with Europe in Train Car Production

Iran has the capacity for local production of train cars, Deputy Industry Minister Mojtaba Khosrotaj told Tasnim on Saturday, when asked about the latest...

France’s Renault Signs MoU to Establish Sales Centers in Iran

France’s Renault have signed a memorandum of understanding (MoU) with the Industrial Development and Renovation Organization of Iran (IDRO) to establish sales and after-sales service centers in the Islamic Republic for the first time.

Saudis Recognize Iran’s Exemption from Oil Freeze

OPEC member states have achieved an agreement to control production cap, a decision which immediately impacted the markets with oil prices improving.

Seasonal Flower Festival Underway in Tehran

A seasonal flower festival was kicked off on Tuesday, September 27, in Iran's capital city of Tehran. Being held in Goftegoo Park, the festival will be open to visitors until Friday, September 30.

Australia at the Dawn of Closer Relationship with Iran: Minister

Australian Trade Minister believes that the country will be well-positioned in the Iranian market thanks to its historically strong ties with Tehran, even amid the tensions.

‘US Failed to Do Its Side of Iran Deal’

Iran top banker says the United States has failed to do its share of lifting economic sanctions against Iran as per a deal that was signed over the country’s nuclear energy activities last summer.

Iraq to Media between Tehran and Riyadh to Support Oil Prices

Iraq is reportedly mediating between Iran and Saudi Arabia to bring about an agreement that would lift crude prices, at a meeting of crude-producing nations in Algiers, Iraqi Oil Minister Jabar Ali al-Luaibi said.

Iran Now Has the Edge in Fight over Oil Prices with Saudi Arabia: Report

In an article, Bloomberg has discussed the recent developments in the oil market, particularly the rivalry between Iran and Saudi Arabia.

China to Invest in Iran’s Fishing Industry

The agriculture ministers of Iran and China signed two cooperation documents to boost cooperation between the two countries in the field of fisheries and aquaculture.

Iran to attend key oil meeting in Algeria

Iran’s media say the country’s Oil Minister Bijan Zangeneh will attend the 15th Ministerial meeting of the International Energy Forum (IEF) which will open in Algiers on 26 September. 

US Pledges Not to Punish Banks Engaged with Iran: Zarif

Iran says the United States has vowed not to punish European banks that facilitate transactions with it.

Anti-GMO Voices Suddenly Grow in Iran

Iran is seeing its most vociferous outcry yet over the use of genetically-modified ingredients in food production.

Boeing Delivers First Aircraft to Iran’s Naft Airlines

Managing director of Iranian Naft Airlines said the first aircraft has been received from the US plane-maker Boeing.

Leader: Enemy Seeking to Create Discontent by Undermining Iran’s Economy

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei reiterated the call for pursuing the policy of “Resistance Economy”, warning that enemies are seeking to impair the country’s economy and create discontent among the people.

Iranian Parliament Endorses New Oil Contract Model

Iran’s parliament has reportedly given the go-ahead to the government to put a new oil contract model into effect.

Latest news